About your Search

20130201
20130228
Search Results 0 to 1 of about 2
the pentagon's budget and still protect national security. former defense undersecretary michelle flournoy, if identify got that right -- michelle flournoy, i beg your pardon, she penned an op-ed in the wall street journal this week. joining us is aforementioned michele flournoy. michelle, or undersecretary, which ever you prefer -- >> michelle, please. >> i thought your piece was terrific. sequester or not, defense department is going to lose 10% of its budget and you think there are good ways to do it. walk us through some of the key points. >> i do think the defense budget will come under pressure, even if we do get a deal. there are ways to reduce costs go after the defense enterprise rather than balance the budget on the back of the force. first cutting unnecessary overhead. the pentagon and d.o.d. has grown by more than 100,000 civilians in the last decade. we can pare those back now that we're coming out of a period of war. >> i thought your civilian argument was great. we've been through these wars and you're saying you can take it right back down without losing any national securi
the pentagon to allocate the cuts in their best judgment rather than forcing certain cuts on them. that would be one helpful thing, but i think the bargaining power almost requires that we allow it to happen before -- before anybody is going to get serious about their negotiation. i agree. it's a terrible idea, but it's maybe a bad idea whose time has come. >> laura you say it's not next to happen. >> right. >> you say there's no debt crisis. how would you describe the 16 trillion debt. >> so what i would say, look, there were estimates out there at the beginning of the year we needed about $4 trillion to stabilize the debt-to-gdp ratio. we're about 60% of the way there. we do need additional revenue increases or spending cuts over the next decade, but let me emphasize. over the next decade. not at a moment in time when the economy has 7.9% unemployment and is operating under its capacity to the tune of maybe six percentage points below capacity. this is a terrible time to do what needs to be done, and it's also a terrible way to do it because it's like telling a business you have to cut ever
Search Results 0 to 1 of about 2

Terms of Use (31 Dec 2014)